InterContinental Hotels Group PLC (IHG) P/E Ratio History
ExpensiveTrading at 35.1x vs 5Y avg 17.8x · 95th percentile · Material premium to history · Data 2003–2025
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P/E Ratio Analysis
As of June 21, 2026, InterContinental Hotels Group PLC (IHG) trades at a price-to-earnings ratio of 35.1x, with a stock price of $171.02 and trailing twelve-month earnings per share of $9.04.
The current P/E is 97% above its 5-year average of 17.8x. Over the past five years, IHG's P/E has ranged from a low of 4.8x to a high of 101.8x, placing the current valuation at the 95th percentile of its historical range.
Compared to the Consumer Cyclical sector median P/E of 21.2x, IHG trades at a 66% premium to its sector peers. The sector includes 307 companies with P/E ratios ranging from 0.1x to 184.9x.
Relative to the broader market, IHG commands a significant premium over the S&P 500 median P/E of 24.4x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our IHG DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
IHG Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
IHG P/E vs Peers
Hotel franchisors and brand managers peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $104B | 41.7 | - | +14% | |
| $79B | 57.0 | - | -0% | |
| $6B | 34.1 | - | -32% | |
| $5B | 14.6Lowest | 0.34Best | +27% | |
| $8B | 33.2 | - | -14% | |
| $2B | 281.6 | - | -70% | |
| $17B | 22.7 | - | +11% | |
| $3B | 28.0 | - | +144%Best |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
IHG Historical P/E Data (2003–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q4 | Dec 31 2025 | $140.83 | $8.72 | 16.2x | +40% |
| FY2025 Q2 | Jun 30 2025 | $115.34 | $8.60 | 13.4x | +16% |
| FY2024 Q4 | - | $124.92 | $8.24 | 15.2x | +31% |
| FY2024 Q2 | Jun 30 2024 | $105.95 | $7.38 | 14.4x | +24% |
| FY2023 Q4 | Dec 31 2023 | $91.18 | $6.44 | 14.2x | +22% |
| FY2023 Q2 | Jun 30 2023 | $70.45 | $5.86 | 12.0x | +4% |
| FY2022 Q4 | Dec 31 2022 | $58.34 | $3.48 | 16.8x | +45% |
| FY2022 Q2 | - | $54.05 | $2.32 | 23.3x | +101% |
| FY2020 Q4 | - | $65.12 | $0.64 | 101.8x | +780% |
| FY2020 Q2 | - | $44.36 | $1.56 | 28.4x | +146% |
| FY2019 Q4 | - | $68.67 | $4.00 | 17.2x | +48% |
| FY2019 Q2 | Jun 30 2019 | $66.88 | $5.19 | 12.9x | +11% |
| FY2018 Q4 | Dec 31 2018 | $57.46 | $4.85 | 11.8x | +2% |
| FY2018 Q2 | Jun 30 2018 | $65.97 | $5.32 | 12.4x | +7% |
| FY2017 Q4 | Dec 31 2017 | $66.85 | $5.06 | 13.2x | +14% |
| FY2017 Q2 | Jun 30 2017 | $58.45 | $8.17 | 7.2x | -38% |
| FY2016 Q4 | Dec 31 2016 | $48.74 | $8.89 | 5.5x | -53% |
| FY2016 Q2 | - | $41.24 | $8.56 | 4.8x | -58% |
| FY2015 Q4 | - | $42.86 | $8.86 | 4.8x | -58% |
| FY2015 Q2 | - | $44.76 | $4.31 | 10.4x | -10% |
| FY2014 Q4 | Dec 31 2014 | $44.31 | $4.07 | 10.9x | -6% |
| FY2014 Q2 | Jun 30 2014 | $49.75 | $4.97 | 10.0x | -13% |
| FY2013 Q4 | - | $40.07 | $5.25 | 7.6x | -34% |
| FY2013 Q2 | Jun 30 2013 | $32.92 | $6.80 | 4.8x | -58% |
| FY2012 Q4 | Dec 31 2012 | $33.34 | $5.72 | 5.8x | -50% |
| FY2012 Q2 | Jun 30 2012 | $30.95 | $5.10 | 6.1x | -48% |
| FY2011 Q4 | Dec 31 2011 | $23.10 | $4.06 | 5.7x | -51% |
| FY2011 Q2 | - | $26.54 | $3.34 | 7.9x | -31% |
| FY2010 Q4 | Dec 31 2010 | $25.33 | $3.62 | 7.0x | -39% |
| FY2010 Q2 | Jun 30 2010 | $20.13 | $3.54 | 5.7x | -51% |
| FY2009 Q4 | - | $18.45 | $3.62 | 5.1x | -56% |
| FY2009 Q2 | - | $13.24 | $3.98 | 3.3x | -71% |
| FY2008 Q4 | Dec 31 2008 | $10.75 | $3.90 | 2.8x | -76% |
| FY2008 Q2 | Jun 30 2008 | $17.12 | $3.72 | 4.6x | -60% |
| FY2007 Q4 | Dec 31 2007 | $22.34 | $3.96 | 5.6x | -51% |
| FY2007 Q2 | Jun 30 2007 | $31.82 | $4.60 | 6.9x | -40% |
| FY2006 Q4 | Dec 31 2006 | $38.64 | $5.68 | 6.8x | -41% |
| FY2006 Q2 | Jun 30 2006 | $26.93 | $6.30 | 4.3x | -63% |
| FY2005 Q4 | Dec 31 2005 | $25.27 | $6.54 | 3.9x | -67% |
| FY2005 Q2 | - | $22.12 | $4.40 | 5.0x | -57% |
| FY2004 Q4 | Dec 31 2004 | $30.10 | $2.69 | 11.2x | -3% |
| FY2004 Q2 | Jun 30 2004 | $28.79 | $2.83 | 10.2x | -12% |
| FY2003 Q4 | Dec 31 2003 | $25.56 | $3.27 | 7.8x | -32% |
| FY2003 Q2 | Jun 30 2003 | $19.50 | $4.82 | 4.0x | -65% |
Average P/E for displayed period: 11.6x
Full Stock Analysis
Deep dive into IHG consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
23+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
IHG — Frequently Asked Questions
Quick answers to the most common questions about buying IHG stock.
What is IHG's P/E ratio?
InterContinental Hotels Group PLC (IHG) trailing twelve-month P/E ratio is 35.1x, based on TTM diluted EPS of $9.04. The 5-year average P/E is 17.8x and the historical range spans 4.8x to 101.8x.
Is IHG stock overvalued or undervalued?
IHG trades at 35.1x P/E, above its 5-year average of 17.8x. The 95th percentile ranking within the 4.8x–101.8x historical range indicates a premium to historical valuation.
Is IHG stock expensive?
Yes, IHG is expensive relative to its own history. The current P/E of 35.1x is above the 5-year average of 17.8x and also above the Consumer Cyclical sector median of 21.2x. The stock sits at the 95th percentile of its 5-year valuation range.
What is IHG's historical P/E range?
Over the past 5 years, IHG's P/E ratio has ranged from 4.8x to 101.8x, with a median of 13.4x and an average of 17.8x. The current P/E of 35.1x places the stock at the 95th percentile of this range. Full historical data spans 2003–2025.
How does IHG's P/E compare to the S&P 500?
IHG trades at 35.1x P/E versus the S&P 500 median of 24.4x. The 44% premium to the market typically reflects higher expected earnings growth or quality.
How does IHG's valuation compare to Consumer Cyclical peers?
InterContinental Hotels Group PLC P/E of 35.1x compares to the Consumer Cyclical sector median of 21.2x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is IHG's PEG ratio?
IHG PEG ratio is N/A, based on a P/E of 35.1x and EPS growth of 26.5%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is IHG's earnings yield?
IHG earnings yield is 2.85%, the inverse of its 35.1x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.